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BITC delivered over P5 billion investment in 2019

Botswana Investment & Trade Centre (BITC) – the country’s integrated investment promotion agency- has delivered over P5 billion worth of investment during the year 2018/19. This is according to the organization’s annual report for the year ended 31st March released this week.

Chief Executive Officer of BITC  Keletsositse Olebile says the organization has done significantly well in the first year of implementation of the 2018-2023 strategic plan as demonstrated by a remarkable performance score of 94% in the first year of the strategic operation against an excellence performance target of 80%.  “The 2018 overall performance as evaluated against the above captioned strategic focus areas, depicts an upward surge in performance compared to the previous year,” he said.

During the year BITC realized cumulative Foreign Direct Investment (FDI) inflows of BWP3.168 billion against the cumulative target for the period of BWP1.8 billion. According to Olebile, the upward positive variance was largely attributable to a surge in the performance from the Financial Services sector.  In terms of Domestic Investment, cumulative inflows and expansions for the year was BWP2.273 billion against the set consolidated target of BWP1.9 billion.

In the quest to continue facilitating export of Botswana products and services to diversified markets, BITC registered exporting businesses realized  a total of BWP2.628 billion in export earnings in the year under review against a target of BWP2.676 billion. The 1.7% adverse variance is attributed to the subdued global economic environment.

“We are however pleased to report that the 2018/19 financial year saw first sales into diversified markets of two new products; organic fertilizers and scientific laboratory boards. Organic fertilizers entered for the first time into both the Zimbabwean and South African markets, while scientific laboratory boards had their first sales into Zimbabwe,” shared Olebile.

The CEO further highlighted that BITC efforts geared towards advocating for export incentives have intensified as the centre continues to encourage outward oriented investments so that they are able to attain the necessary economies of scale. The total number of jobs registered by BITC during the year under review was 3,565 against the cumulative target for the period of 3,150 jobs. Services, Agriculture and Agro- processing sectors followed by the Manufacturing sector contributed more to realizing these jobs.

“It should be noted that these verifiable figures only entail jobs created by businesses that are registered with BITC,” reiterated Olebile. 18 companies converted during the financial year from Mining, Manufacturing and Financial Services sectors. Twelve (12) companies were allocated land and two (2) were allocated factory space during the year. The Botswana One Stop Service Centre (BOSSC) processed a total of 602 Government authorizations out of which 566 were approved, 13 rejected and 23 were pending as at year end.

During the year ending 31st March 2019, BITC recorded a surplus of BWP 13 991 337, this was a decrease of 25% compared to last financial year’s restated surplus of BWP 18 585 331. This according to BITC CEO was largely contributed to successful implementation of activities planned for the year. BITC continues to rely wholly on Government funding which makes 83% of its total revenue whilst 17% is internally generated.

For the 2018/19 financial year BITC internally generated revenue stood at 17% of the total revenue, surpassing the Centre’s annual target of 15%, largely contributed by an increase in interest generated from short term investments and increased occupancy rate of factory shells.
 In the financial year ended March 2019, BITC received a total subvention of BWP 101 830 560, which was a slight increase of 1.5% from last year’s subvention of BWP 100 330 560.

According to the report, Budget utilization was optimized at 90%, slightly below prior year’s utilization of 93%, mainly because the Centre collaborated with a number of key stake holders to finance some of the initiatives and reduce the burden on BITC. “The integrated approach to undertaking marketing, promotional and branding activities resulted in cost efficiencies that resulted in the 3% reduction in the overall budget utilization. We are further evaluating opportunities to reduce costs through continuous improvements,” shared Olebile.

BITC Board Chair Victor Senye noted in the reported that some of the key highlights during the year was elevation of efforts aimed at diversification within the mining sector. BITC accredited Minergy and Maatla resources who will be mining coal for export to the Republic of South Africa (RSA) where demand for coal exceeds supply.

He said BITC continues to engage with various responsible stakeholders with a view to enhance the mining sector through sustainable value addition, noting efforts such as invitations of key players in Diamond Trading Company Botswana (DTCB) and Okavango Trading Company to missions abroad particularly where there is an appetite for gem  diamonds.

“Salient among the missions is Forum on China-Africa Coorporation (FOCAC) mission in China which was undertaken in the year under review. BITC India office also continually attracts cutting and polishing companies in India to expand to Botswana which is a source market for gem diamonds as the largest producer of gem diamonds by value in the world,” he said.

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Business

Food prices continue to rise, but at a slower rate

28th November 2022

Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.

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Still doing business the old way?

18th November 2022

It’s time to get business done better with MTN Business Botswana’s ICT Solutions.

Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.

More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.

Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.

A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.

Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
MTN’s evolution

For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.

As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.

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BIE to vitalize the Dignity of Engineers

9th November 2022

Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in  which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.

The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.

Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.

“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.

He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.

Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.

“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.

He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.

He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc

“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran

Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.

“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.

Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that  the BIE provides a fertile environment where they can meet, share ideas and grow professionally.

“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.

He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.

“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams

He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .

Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution  said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.

“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.

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